Company news

10 October 2013 -
Great rivers Volga and Yangtze will help to develop relationship between Russia and China

Mrs. Elena Trofimova, Director General, CJSC “International Center for Development of Innovations”, as part of the Russian delegation, participated in the meeting of the working group on cooperation in trade, economic and humanitarian areas of the Volga Federal District of the Russian Federation and the Upper and Middle regions of the Yangtze River of the People's Republic of China, 09 - October 10, 2013, Nizhny Novgorod.

The meeting was co-chaired by the chairmen of the Joint Working Group: Mr. Alexei Suhov, Deputy Plenipotentiary Representative of Russia President in the Volga Federal District and Mr. Cheng Guoping, the Deputy Minister of Foreign Affairs of the People's Republic of China.

On the Russian side the meeting was attended by senior representatives of the Ministry of Foreign Affairs of the RF, the Bank for Development and Foreign Economic Affairs (Vnesheconombank), and high-rank officials representing the Volga Federal District regions: the Deputy Prime Ministers of the Republics of Bashkortostan and Tatarstan, Deputy Heads of governments from Penza, Saratov, Kirov, Nizhny Novgorod, Orenburg regions, the Republic of Mari El, Udmurt Republic, Perm Krai, Chairman of the Cabinet of Ministers of the Chuvash Republic, the Vice-Governor of Samara Region, First Deputy Chairman of the Government of Ulyanovsk Region.

The Chinese delegation included senior officials from the Ministry of Foreign Affairs of the PRC, the State Development Bank of China, the provinces of Hunan, Anhui, Jiangxi, Hubei, Sichuan, the city of Chongqing, and the chief executives of "Zhongshi", FAW, "Xin Tiandi" companies.

The meeting was held in a positive business environment: the Russian regions have proposed a number of investment projects which have raised interest on the Chinese side.

According to Mrs. Trofimova the most promising technology projects, specifically related to metallurgy, have been presented by the Republics of Bashkortostan and Tatarstan. Also deserving serious attention are the Penza region’s projects in mechanical engineering and glass industry; the Saratov region’s project on the sugar beets processing, and a number of energy efficiency projects proposed by the Republic of Mordovia.

With the right choice of strategy for cooperation, the work on development of the priority projects can be started as early as the beginning of next year.

06 August 2013 -
ICDI will seek investors for the Republic of Bashkortostan

International Center for development of Innovation (JSC "ICDI") and the Ministry of Economic Development of the Republic of Bashkortostan have reached an agreement in the search for investors for a number of regional projects. Remind you that at the end of 2012 an agreement on cooperation was signed between these entities.

"The Republic of Bashkortostan has attractive investment projects and they can be implemented with our help. ICDI acts as a bridge connecting investors from the Asia-Pacific region and the businesses of Bashkortostan. The government of the republic acts as the guarantor for large-scale projects ", - said Elena Trofimova, CEO of ICDI.

Within negotiations there were discussed a number of projects such as the creation of an industrial park in the Republic, a joint investment fund for financing of individual projects, as well as the creation of a Russian-Chinese joint venture for the organization of export of components for baby food and honey.

International Centre for Innovation is a company with government participation, created by "Infrafund of Russian Venture Company" (51%), together with MC "Ricom-trust”. The company is an active participant of international business summits in Europe and Asia. It promotes the Russian innovation abroad.

27 January 2013 -
ICDI attracts a large foreign investor for cooperation

At the beginning of January 2013 Singapore company ADWP Pte. Ltd has announced about the partial stock purchase of JSC "ICDI".

ADWP Pte. Ltd. specializes on attraction of foreign capital, asset management in large investment banks of South-East Asia and possesses strong communications with investors in the region. Among the partners ADWP Pte. Ltd. There are such companies as Temasek, Macquarie Capital, Societe Generale Singapore with total assets under control estimated in hundreds of billions US dollars.

JSC "ICDI" is focused on development of innovation sphere in the industrial sector, sector of minerals extraction, infrastructure of the Russian territories and high technologies, and also the international innovative projects from Central and Eastern Europe, Russia and China.

The partial stock purchase will allow to create comfortable conditions for trans boundary innovation, development of communications and operative coordination in innovative sphere, and also will provide cooperation with leading financial institutions and investors of Singapore.

Elena Trofimova, JSC "ICDI" CEO points out that "it’s doubtless that the stock purchase by such a strong company as ADWP Pte. Ltd. Is a significant event for us that will allow to push “ICDI" on more qualitative level and will enable Russian innovative companies to become a part of the international market of innovation in 2013".

Alex Kano, owner and CEO of ADWP Pte. Ltd. added: "We are assured of professionalism of the Russian team with which we have started to cooperate. The Asian investors are interested in purchase of assets of Russian projects with high yield. Pipe-line of the projects already contains projects that have support of regional authorities and governments that is very important for foreign investors. Also the established mutual relations of JSC "ICDI" with the governments of some the Russian regions will allow to select the projects that are fully meeting the requirements and wishes of our Singapore partners".

25 December 2012 -
"ICDI" will help attract investment to the Republic of Bashkortostan

The ministry of economic development of the Republic of Bashkortostan and "International Center for Development of Innovation" (Joint-Stock Company "ICDI") have signed a cooperation agreement.

The agreement provides active interaction of the parties in creation of image of the republic attractive investment climate. Within the limits of achievement of this purpose it is planned to conduct regular work with representatives of the Russian and foreign business circles.

"We are sincerely glad to welcome the International Center for Development of Innovation. For us cooperation with the companies that attract investment to the republic is one of the strategic directions. A priority problem of investment policy of the Republic of Bashkortostan is that there is still place for substantial improvement of the investment climate including creation of additional conditions for inflow of investment resources," said minister of economic development of the Republic of Bashkortostan Alexander Maryin.

"ICDI" business will be directed to attraction of investments into priority projects of the republic and increase of recognition and loyalty of the region among the external institutional investors.

"I hope, our partnership will give a powerful impulse for development of economy of the region and will allow to realize entire potential of projects both in the field of real sector, and in the field of innovations", - "ICDI" CEO Elena Trofimova pointed out.

Besides "ICDI" experts will render consulting services to the enterprises of the republic, helping to reveal their potential and to find optimum variants of capital attraction.

28 September 2012 -
New office opening in Hong Kong

Considering the large number of investors concentrated in the region of Greater China and Southeast Asia, and the growing number of the Russian companies which are interested in cooperation with the companies of the region, "ICDI" management in cooperation with its strategic partner, "Pacific World Fund Management Ltd (Hong Kong)" has joined force to open a new Hong Kong office. The presence of employees of the company directly in the financial center of Greater China and Southeast Asia not only will promote the awareness of “ICDI” but also will help the company find new clients and partners.

"ICDI (Hong Kong)" office will be working in three main directions:

1) SPO/IPO/PE for the Russian companies planning to be listed in the Hong Kong Stock Exchange (HKEx). For those Russian companies already listed in Moscow, London or elsewhere, our Hong Kong office could help them to be quickly listed in HKEx to achieve better trading liquidity or enhanced investors’ followings. Capital raising via a Secondary Public Offering (SPO) is naturally a distinct possibility. For those companies planning to have an Initial Public Offering (IPO) at HKEx, capital raising via pre-IPO placements of Private Equity (PE) are also possible given the presence of many sizable PE funds in Hong Kong.

2) Direct Investments. As the Russian economy continues to grow, Chinese and Asian companies are very much interested in penetrating into the Russian market via direct investments in whatever form eg. Majority or minority stake in an existing Russian enterprise or a joint venture with a Russian company. Under this circumstance, ICDI Hong Kong office could assist such companies in matching them with the right Russian targets/partners.

3) Technology Transfer. As the Russian economy is transforming itself from a resource based one to a diversified economy with both manufacturing and service sectors, it requires various Chinese and Asian partners providing the necessary technology and know-how to be transferred to the Russian parties. Likewise, the Russian companies with strong technologies in aviation and communications could be keen to transfer their technologies to China and Asia.

On September 19th, 2012 international multimedia press center "RIA Novosti" hosted a round table "Russia-Hong Kong: investing in the future" devoted to questions of integration of Hong Kong stock exchange and Russian stock exchange MICEX-RTS at the level of the following companies: "Haitong International Securities" and "Ricom-Trust".

Speaking about general rates of GDP growth in Southeast Asia it’s important to mention that these rates are higher than the ones of many developed countries. China has also shown excellent economic results during the recent years. Furthermore Hong Kong being a special administrative region in comparison with continental China has a number of essential advantages: low taxes, absence of restrictions on capital movement, standards of financial reporting adapted to the international level. Hong Kong stock exchange has big influence on strengthening the economic status of the region, it not only enters into the 3 largest stock exchanges of Asia, but also has been on top of the list by the amount of the funds raised by IPO worlwide.

In 2012 "Ricom-Trust" together with the largest investment company of China "Haitong International Securities" has made first steps towards international integration. A number of agreements that have allowed clients of the companies to enter new markets have been signed.

22 July 2012 -
Investment forum at Sophia Antipolis Technopark

During July 17-19, 2012 a forum with participation of investors and representatives of several "Skolkovo" clusters took place at Sophia Antipolis Technopark, France. "Skolkovo" residents have presented their projects in the following spheres: medical technologies, space development and communications and nuclear technologies.

Jean-Noël Durvy, General Manager of Sophia Antipolis Foundation has been present and the opening speech has been delivered by Mr. Pozdnyakov, General Consul of the Russian Federation in Marseille.

Employees of "ICDI" together with representatives of "StartUp Challenge" have represented the project "Manufacture of medical dosing pumps produced from leucosapphire monocrystal". At the end of the presentation there was a brisk discussion during which valuable advice on the further development of the project has been received.

At the end of the forum Sophia Antipolis Technopark members have kindly organized an excursion in the territory of the technology park, the companies that have already opened their residences and offices in the territory of the park have been shown to the visitors. Among scientific institutions which are present in the territory of the park are University of Nice and research center IMREDD. Employees and residents of "Skolkovo" have studied not only the scientific program of this research center but also have learned about the program of development of Sophia Antipolis Technopark as a whole.

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